New Delhi, July 23 -- The Bank of Japan (BoJ) Deputy Governor Shinichi Uchida has pointed out economic risks associated with price risks and trade worries. Uchida termed the situation as "extremely high" with uncertainties. He was giving a speech to a business leaders' forum in Kochi.
The Bank of Japan, or BoJ, is the central bank, which is also known as "Nichigin" in short. It is headquartered in Nihonbashi, Tokyo, with a main focus on price stability and the effective functioning of the financial system.
Uchida highlighted that the central bank is not in a hurry to revise the interest rates amid the lack of clarity of the global economic uncertainties. The BoJ will carefully assess the economic conditions before making any decision.
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